tag:blogger.com,1999:blog-2761684730989137546.post8928118421587927898..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Robert Reich on Marriner Ecclesmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-11192621661109618612011-06-21T16:39:54.576-04:002011-06-21T16:39:54.576-04:00Good article by Dave Raithel
What Fareed Zakaria ...Good article by <a href="http://theharpomarxistbrigade.blogspot.com/" rel="nofollow">Dave Raithel</a><br /><br /><a href="http://theharpomarxistbrigade.blogspot.com/2011/06/what-fareed-zakaria-meant-to-write.html" rel="nofollow">What Fareed Zakaria Meant to Write</a><br /><br />Quote:<br /><i>Not even the MMT guys will argue you can have both guns and butter when your productive capacity approaches its maximum and not get inflation in the old fashioned sense of "monetary phenomenon." When that happens, one has to accept: to have the physical resources to blow shit up half a world away, somebody in the community has to go without something - shoes, yachts - whichever. And that's a political decision. Who gets fucked in a modern economy where sovereigns issue the medium of exchange and account is a political decision.<br /><br />In fact, right now any discussion of government involvement in the economy — even to build vital infrastructure — is impossible because it is a cardinal tenet of the true Burkean-Rothbard-Paul conservatism that such involvement is always and forever bad.</i>Clonalhttps://www.blogger.com/profile/18290009954839887975noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-15057259909239121842011-06-21T13:55:02.872-04:002011-06-21T13:55:02.872-04:00I heard Marriner Eccles story about a year ago fro...I heard Marriner Eccles story about a year ago from on New Deal 2.0. It should be told over and over again until it is just a known fact by all Americans. <br /><br />FDR and Keynes did not do everything in a vacuum. They had proponents in business and banking like Mr Eccles.Adam2https://www.blogger.com/profile/03710514839937913226noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-47504622162527148402011-06-21T02:53:15.921-04:002011-06-21T02:53:15.921-04:00What an unusual circumstance that the FRB chairman...What an unusual circumstance that the FRB chairman was more progressive in his economics than the politicians! Along the same lines, Drew Westen kicks the crap out of the Democrats again (from the left).<br />"Today's Republican Party has three wings: the psychiatric wing, the corporate wing, and the Democrats..." <br />http://www.huffingtonpost.com/drew-westen/democrats-identity-_b_880135.html<br /><br />The most interesting part of Westen's story was this:<br /><i>Consider the following statement about budget deficits, which began a message that beat a tough deficit-focused, budget-cutting message taken straight from the mouth of John Boehner with a large national sample by over 30 points with the general electorate and by an even larger margin with swing voters: "The best way to reduce the deficit is to put Americans back to work. There are 14 million Americans who've lost their jobs through no fault of their own, and they'd be happy to be paying taxes again instead of drawing unemployment insurance.</i><br /><br />A 30 point advantage over deficit hysteria and neither party is touching this message! There's such a ridiculously large political vacuum, I still think The Donald will run after all (if Trump declares as an independent, he doesn't have to file till next summer to make the ballot).<br /><i>the best thing for balancing the budget is to have a strong economy. And the economy can never come back if we are going to always have high unemployment.</i><br />http://mikenormaneconomics.blogspot.com/2011/04/beowulf-on-donald.htmlbeowulfhttps://www.blogger.com/profile/14987548132065830204noreply@blogger.com